US rejects long-term USMCA renewal, opts for annual review
The potential disruption and wider economic impacts are severe. (Justin Hamel/Bloomberg) July 1, 2026 1:42 pm, EDT key takeaways: The US declined to renew the USMCA on July 1, opting for an annual review instead, extending the trade agreement for 16 years. The decision creates uncertainty for North American supply chains, with intra-regional trade set